Blemain (Heywood/Spot Finance) want me to sign a 'letter of assignment'?

[goddard123]

Hi everyone,

 

Please could you help me on this matter.

 

I have got an unsecured loan with a finance company, unfortunately due to a change in circumstances I wasnt able to pay the regular monthly payment.

 

I verbally agreed with the finance company a reduced monthly payment which i paid for 18 months by standing order.

 

Unfortunately I had to cancel the standing order at the beginning of the year but re-instated it last month.

 

Early this year I received a letter from them explaining that my account has been transferred to another company within their group.

 

For the past month i have been receiving calls everyday from the new company but I have not spoken to them.

 

I have now received a letter from the new company:

 

1) Asking me to sign a letter of assignment.

 

2) They also said that they have instructed solicitors to commence litigation proceedings.

 

I made a mistake today by answering the phone to them and

 

when i told them that I had an arrangement in place with the original finance company

and had been paying this for 18 months,

 

their response was they have no record that the reduced payment was ever agreed

and now want full repayment of the loan.

 

Please could you help me on this...dont know what to do

[ims21]

HI and welcome to CAG.

 

Can you please name and shame.

[goddard123]

Finance company is Heywood Finance Ltd, transferred to Spot Finance Ltd ( both part of Blemain Finance)

[goddard123]

do i send a cca or a sar, also to which company?

 

what about this letter of assignment they have asked me to sign?

[ims21]

Before doing anything let's get all of the detail together please.

 

Can you scan up this letter they want you to sign. The reason I ask is that a Notice of Assignment is just a letter informing the debtor of a change in ownership. It sounds odd.

 

You can use this method to post up the documents but ensure that you remove anything that can identify you first.

 

**you can post up images/letters by this method immediately..you don't need 10 posts**

.

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc

but leave all monetary figures and dates.

.

************************* ************************* *******

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

************************* ************************* ***********

.

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

http://www.convert-jpg-to-pdf.net/

..

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or http://www.freepdfconvert.com/

or

use http://www.pdfmerge.com

 

convert existing PC files to PDF [office has an installable print to PDF option]

..

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

though DONT USE BANK NAMES or CAGicon in the title

i'e Default notice DDicon-mm-yyyy

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

...

YOU DONT have to put a link to the attachment in the msg box..just upload it ..job done

[goddard123]

should i also remove their company details from the letter or is it just my personal details to remove?

[ims21]

You can leave their stuff in......it is only things that can personally identify you that needs to come out such as name, address, reference numbers, bar codes and the like.

[renegadeimp]

Possibly a cleverly worded admittance letter?

[goddard123]

I have attached the notice of assignment letter that they want me to sign.

 

[ATTACH=CONFIG]50388[/ATTACH]

Edited April 22, 2014 by citizenB

[citizenB]

If they wanted a signature of receipt they should have sent it via Recorded Delivery !

[citizenB]

Have you chopped any of the letter off. There should be on the bottom.

 

Registered Office, Consumer Credit licence, and other details.

[goddard123]

only their registered office address, company reg no & that they are regulated by Financial Conduct Authority. - no consumer credit details

[goddard123]

[ATTACH=CONFIG]50390[/ATTACH]

 

Bottom of letter head....

[citizenB]

If they have had this since December 2013, why has it taken them 4 months to contact you ?

[goddard123]

Possibly a cleverly worded admittance letter?

 

What does that mean?

[citizenB]

Hi everyone,

 

Please could you help me on this matter.

 

I have got an unsecured loan with a finance company, unfortunately due to a change in circumstances I wasnt able to pay the regular monthly payment.

 

I verbally agreed with the finance company a reduced monthly payment which i paid for 18 months by standing order. Unfortunately I had to cancel the standing order at the beginning of the year but re-instated it last month.

 

Early this year I received a letter from them explaining that my account has been transferred to another company within their group.

 

For the past month i have been receiving calls everyday from the new company but I have not spoken to them.

 

I have now received a letter from the new company:

 

1) Asking me to sign a letter of assignment.

2) They also said that they have instructed solicitors to commence litigation proceedings.

 

I made a mistake today by answering the phone to them and when i told them that I had an arrangement in place with the original finance company and had been paying this for 18 months, there response was they have no record that the reduced payment was ever agreed and now want full repayment of the loan.

 

Please could you help me on this...dont know what to do

 

Ok, well it might be worth you investing £10.00 and sending a subject Access Request to the original Creditor - I would think it matters not that the reduced payment arrangement was formally ratified in writing - you made the payments for 18 months and can prove this.

 

So was it just verbally they have said that they will issue legal proceedings ?

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?387306-Full-Subject-Access-Request(1-Viewing)-nbsp

 

TBH, I am not certain what action you should be taking other than establishing a payment arrangement. I will ask others on the site team.

[goddard123]

no they referred to it in the letter that came with the request for me to sign the letter of assignment(see below)

 

Please find enclosed a letter of assignment in relation to your above mentioned account. Please sign and return the form in the envelope provided.

 

We would also like to advise you that we have instructed xxxxxxx solicitors to commence litigation proceedings in this matter due to non payment on your account.

[renegadeimp]

I still think it is a very cleverly worded letter that is trying to get you to admit the debt is yours and the amount etc is correct. So if they try court action, they have written proof that you accept full responsibility and they are pretty much guaranteed judgement.

[ims21]

What have you got in the way of statements of account?

 

Are there any penalty charges on there? If so then they can be reclaimed to reduce the amount of the debt.

 

If you have the statements, do they show all of the reduced payments you were making?

 

What kind of values are we talking about here?

 

When was the loan taken out?

[citizenB]

no they referred to it in the letter that came with the request for me to sign the letter of assignment(see below)

 

Please find enclosed a letter of assignment in relation to your above mentioned account. Please sign and return the form in the envelope provided.

 

We would also like to advise you that we have instructed xxxxxxx solicitors to commence litigation proceedings in this matter due to non payment on your account.

 

Hmm, that is very quick then.. well for a start I dont think that letter would stand up under Pre action Protocol..

[goddard123]

What have you got in the way of statements of account?

 

Are there any penalty charges on there? If so then they can be reclaimed to reduce the amount of the debt.

 

If you have the statements, do they show all of the reduced payments you were making?

 

What kind of values are we talking about here?

 

When was the loan taken out?

 

 

loan was taken out circa.2005 - havent received any statements of account in the past 18month/2years

[ims21]

loan was taken out circa.2005 - havent received any statements of account in the past 18month/2years

 

Wow.

 

Absolutely get a Subject Access Request (SAR) off to the original lender as suggested by citizenB

 

Sadly there is a statutory fee of £10 to pay but it may well pay dividends to find out exactly what has gone on with this account.

 

Template for SAR is in the CAG library, the link to which is at the top of every CAG page in green. They will have 40 days to comply.

 

Also, no need to sign any Notice of Assignment letter so you can forget doing that.

 

The team have been alerted to this thread so there may well be some more input for you in a bit.

[goddard123]

Thank you so much, I will get the sar sent off tomorrow and update the thread as soon as I hear back.

[citizenB]

[dx100uk]

send them a CCA request too

 

DONT SIGN IT

 

use a £1 BLANK PO too.

 

if Blemain Finance are involved in this

you can bet you have all manner of PENALTY fees

and have probably been spoofed for years into paying what you no longer owe!

 

what was the original loan figure

 

and what do you supposedly owe now?

 

also

its a threat-o-gram don't reply

 

as for their legal proceedings..

doesn't say 'what' beginning legal proceedings means

 

typically a load of silly letters.

 

have you the original agreement still?